Gold standard for tokenized stocks reaches important milestone and proves global demand for open, permissionless, and interoperable tokenized assets
xStocks reaches this milestone just 135 days after its public launch. The success highlights the rising global demand for open, permissionless, interoperable financial assets that connect traditional capital markets with the open digital economy. Users can be exposed to US stocks and ETFs with xStocks and hold assets on platforms like Kraken or in self-custodial wallets. Furthermore, they can use their holdings as collateral, unlocking a wide range of DeFi opportunities.
xStocks was previously launched on Solana and made available to Kraken customers in over 160 countries and Bybit users. Since the launch, xStocks has expanded to Ethereum, with future integrations further extending access and liquidity across blockchains and platforms.
The rapidly growing ecosystem of xStocks is, in addition to availability for Kraken, also available for partners including Alchemy Pay, ByBit, Gate.io, Phantom Wallet, Trust Wallet, and Wallet in Telegram. The integrations form an alliance of multiple platforms that connect traditional stocks with the digital economy. This enables users to seamlessly buy, trade, and transfer tokenized stocks between networks, wallets, and exchanges.
"xStocks bridges the gap between crypto and traditional investing. This makes the promise of tokenized stocks a reality worldwide," says Mark Greenberg, Global Head of Consumer at Kraken. "That this milestone has been reached so quickly proves that users around the world want financial assets that originate on the internet, permissionless, open, and accessible. xStocks redefines how real assets move, trade, and thrive on-chain."
Every xStocks is fully backed one-to-one by the underlying share or ETF, held by a custodian with the proper licenses. This is done in a bankruptcy-resistant structure. The tokens are issued by Backend, in collaboration with Kraken. This ensures distribution, capital, and liquidity. It also combines strict regulation with crypto-native interoperability.
Currently, over 45,000 unique on-chain holders have joined the xStocks ecosystem. They hold over 135 million dollars in total assets under management (AUM). This momentum is a significant step forward for real-world assets (RWA) on-chain, as investors seek borderless, transparent access to traditional markets through self-managed systems.
The multi-chain, multi-platform model of xStocks supports the mission to make global investing seamless, permissionless, and suitable for the internet age. For more information about xStocks and the rapidly growing xStocks Alliance, visit xstocks.fi.
